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CBSE - Money & Credit
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Practice Question
Money & Credit
.
Money & Credit
Who helps the borrowers to overcome the problem of lack of collateral?
(1) Self-help group (SHG)
(2) State government
(3) Employers
(4) Moneylenders
Correct Answer: 1
.
Related Questions
Money & Credit
1
Anything which is generally accepted by the people in exchange of goods and services is called :
(1) money
(2) barter
(3) credit
(4) loans
Correct Answer: 2
2
Who supervises the credit activities of lenders in the informal sector?
(1) Central Bank of India
(2) Commercial banks
(3) Moneylenders
(4) None
Correct Answer: 4
3
System of exchanging goods for goods is called :
(1) monetary system
(2) credit system
(3) barter system
(4) exchange system
Correct Answer: 3
4
Which one of the following is NOT a formal source of credit?
(1) Commercial Banks
(2) State Bank of India
(3) Employers
(4) Co-operatives
Correct Answer: 3
5
In SHG most of the decisions regarding savings and loan activities are taken by:
(1) Bank
(2) Members
(3) Non-government organisations
(4) LIC
Correct Answer: 2
